Semafo Produces 54,500 Ounces of Gold in Q2



    SEMAFO TSX-SMF

    MONTREAL, July 8 /CNW Telbec/ - SEMAFO (TSX: SMF) today announced that
gold production for the second quarter ended June 30, 2008 totalled
54,500 ounces. Gold production was 17,200 from the newly constructed Mana
mine, with 19,800 and 17,500 from the Samira Hill and Kiniero mines
respectively. Total gold production for the first six months of 2008 reached
83,200 ounces compared to 59,200 for the same period last year.
    Management is maintaining its previously announced guidance of 50,000 and
64,000 ounces of gold for the third and fourth quarters respectively. The
third quarter gold production guidance takes into consideration the challenges
of the West African rainy season and the commissioning of the
4,000 tonne-per-day ball mill at the Mana mine.
    Production numbers are preliminary and may be subject to final
adjustment. Further information will be published in the company's second
quarter operating and financial results to be released mid-August 2008.

    About SEMAFO

    Semafo is a Canadian-based mining company with gold production and
exploration activities in West Africa. The Company currently operates three
gold mines in Burkina Faso, Niger and Guinea. Semafo is committed to evolve in
a conscientious manner to become a major player in its geographical area of
interest, while maintaining principles and strengthening relationships to
increase shareholder value.

    FORWARD-LOOKING STATEMENTS

    This press release may contain forward-looking statements. These
forward-looking statements include, but are not limited to, statements
regarding expectations of the Company as to the market price of gold,
strategic plans, future commercial production, production targets, timetables,
mining operating expenses, capital expenditures, and mineral reserve and
resource estimates. Forward-looking statements involve known and unknown risks
and uncertainties and accordingly, actual results and future events could
differ materially from those anticipated in such statements. Factors that
could cause future results or events to differ materially from current
expectations expressed or implied by the forward-looking statements include,
but are not limited to, fluctuations in the market price of precious metals,
mining industry risks, uncertainty as to calculation of mineral reserves and
resources, risks related to hedging strategies, risks of delays in
construction, requirements of additional financing and other risks described
in the Company's documents filed from time to time with Canadian securities
regulatory authorities. Although the Company is of the opinion that these
forward-looking statements are based on reasonable assumptions, those
assumptions may prove to be incorrect. Accordingly, readers should not place
undue reliance on forward-looking statements. Readers can find further
information with respect to risks in the Annual Information Form of the
Company and other filings of the Company with Canadian securities regulatory
authorities available at www.sedar.com. The Company disclaims any obligation
to update or revise these forward-looking statements, except as required by
applicable law.




For further information:

For further information: SEMAFO: Benoit La Salle, President & CEO, (514)
744-4408, blasalle@semafo.com; Renmark: Maurice Dagenais:
mdagenais@renmarkfinancial.com; Jason Roy: jroy@renmarkfinancial.com, (514)
939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com

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SEMAFO INC.

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